Tilinpäätössäädökset

Tilinpäätössäädökset are Finnish legal provisions and regulations that govern the preparation and presentation of financial statements. These rules are primarily set forth in the Finnish Accounting Act (Kirjanpitolaki) and its accompanying decree (Kirjanpitolainsäädännön asetukset). The purpose of these regulations is to ensure that financial statements provide a true and fair view of a company's financial position, performance, and cash flows.

Key aspects covered by tilinpäätössäädökset include the basic principles of accounting, such as accrual accounting and consistency. They dictate the structure and content of the income statement (tuloslaskelma), balance sheet (tase), and cash flow statement (rahoituslaskelma). Specific rules apply to the valuation of assets and liabilities, recognition of revenue and expenses, and disclosure of information in the notes to the financial statements (liitetiedot).

The regulations also address the preparation of the annual report (toimintakertomus), which provides additional context and analysis beyond the financial statements. The objective is to provide stakeholders, including shareholders, creditors, and tax authorities, with reliable and comparable financial information for decision-making. Adherence to tilinpäätössäädökset is crucial for companies operating in Finland to fulfill their legal obligations and maintain transparency. The regulations are periodically updated to align with international accounting standards and to address evolving business practices.